Pakistan has secured a $1.2 billion oil financing facility from Saudi Arabia, with monthly disbursements of $100 million received from May 2025 to April 2026, according to official statements.
Federal Minister for Economic Affairs Ahad Cheema confirmed that the Saudi Fund for Development provided the facility over the 12-month period, with the final tranche received in April 2026. He added that Pakistan has requested an extension of the oil facility, although Riyadh has not yet confirmed any renewal.
Saudi Arabia has already positioned itself as a key financial supporter of Pakistan, including an additional $3 billion deposit in April 2026, taking the Kingdom’s total deposits in Pakistan to $8 billion held with the State Bank of Pakistan.
Official data from the Economic Affairs Division shows that Pakistan received $4.47 billion in foreign inflows in April 2026 alone through multilateral and bilateral deposits, Eurobond issuances, and commercial loans, compared to just $0.57 billion in the same month last year.
Overall, during the first ten months of the current fiscal year (July–April), Pakistan’s foreign borrowing reached $11.06 billion, significantly higher than $6.08 billion recorded in the same period last year.
